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Jan / 01
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- Does Cryptocurrency Encourage a Gambling Mentality in investments?
- Jan 01, 1970 at 08:00 am DeFi Planet
- Cryptocurrency's volatility and speculative nature can evoke comparisons to gambling, raising concerns about fostering a gambler-like mentality among investors. Structural factors, such as extreme price swings and sentiment-driven markets, contribute to this perception. High-leverage trading, pump-and-dump schemes, and memecoins further encourage speculative behavior. However, despite these factors, cryptocurrency can be a viable asset class when approached responsibly, with research, strategy, and long-term goals driving investment decisions.
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